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20121201
20121231
Search Results 0 to 4 of about 5 (some duplicates have been removed)
, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing about this debt. i was thinking when i first came to washington which was in the early 1980s, the debt level was about $2.5 trillion. now we are at 16.2 trillion. by the way every president goods back to dwight eisenhower has promised that they will balance the budget and the debt keeps getting bigger and bigger. the real tragedy is that over the last five years the debt has increased by almost $6 trillion. that is more money than was borrowed from 1776 through the year 1976. bill: that's ridiculous. >> it is a tragic situation. bill: what is the danger in this economically speaking for us. >> the danger is two fold. one is if you look at the budget right now and we continue on this pace of borrowing we are expected to do, trillion dollar deficits for as far as the eye can see we are looking at somewhere in the neighborhood of a trillion dollars each year bill in only ser
. looks like we may go into january without a deal. >> stephen moore saying we're going off the cliff. we've got new details on the plan, the president's scaled-down proposal. here's what's on the table. extend the current tax rates for 98% of americans, incomes up to $250,000. extend unemployment benefits, that's an important point. not being talked about enough. extending the alternative minimum tax patch. prevents cuts in payments to doctors who treatment medicare payments. -- patients. would this scaled-down proposal save us from economic disaster? >> we've done a tremendous amount of damage to ourselves, embarrassing ourselves around the world. we're assuring investors we're as risky as standard & poor's thought we were when they reduced our credit rating. it would be great if we could avoid sharp credit risks. restoring the unemployment insurance benefits is really important because you have millions of people who are depending on this for income. and they're going to spend that money if you give it to them and that's what the economy needs. >> absolutely right. >> wait, hold on. le
absolutely. this is the time. i saw a commentary -- i think michael moore put out -- which was saying, please, let's back off and let these families mourn. no, that's wrong. the families need us to take action so their loved ones should not have died in vain. the se we all are hurt. i'm deeply wrund wounded by this. i'm beside myself. as i keep telling people, making service, faith, connection with people, that's going to get us through. and here now is an opportunity for all of us to gather as a community and make a difference. >> dr. drew, thanks very much for coming in. >> thanks, wolf. >> and please be sure to watch dr. drew "on call" on our sister network, hln. >>> when it comes to the fiscal cliff, president obama said should -- and i'm quoting him now, just take the deal. up next, we'll take a closer look at why the president and house speaker john boehner seem to be talking past one another. >>> and this is not a situation that i'm unwilling to compromise. this is not a situation where i'm trying to rub their face in anything. >> the president will have a decision to make. he can call
Search Results 0 to 4 of about 5 (some duplicates have been removed)